Quote (Skinned @ Dec 11 2014 09:34am)

Not on the same schedule but as inevitable as it is a poor system to begin with.  Trying to measure qualitatively different products with the same measurement is just too problematic for us to ever get right.

Don't worry, we have reached peak oil several years ago and this probably will increase consumption and play that to its end.  Meanwhile the rest of the nations have stopped producing oil because even though it is very valuable, they can't sell it, and since we're in the capitalist epoch they won't do something just because it has intrinsic worth 

It isn't a crash you're thinking of that we are on the verge of, it is a change.  I wonder what will come after the capitalist goes extinct?

Quote (Clicquot @ Dec 11 2014 10:41am)

crashes come with change, and capitalism will be around long after we are dead

Quote (Subzer0isGG @ Dec 11 2014 09:29am)

It's your shale production and the saudis playing poker flooding the market putting prices down to make your high refining costs not worth it to do. And to start buying instead.

Alberta gonna feel the pinch too. But not as bad.

Quote (Saucisson6000 @ Dec 11 2014 09:31am)

i dont like it due the paradox explained in the arcticle above: alternative energies

Quote (Skinned @ Dec 11 2014 09:34am)

Not on the same schedule but as inevitable as it is a poor system to begin with.  Trying to measure qualitatively different products with the same measurement is just too problematic for us to ever get right.

Don't worry, we have reached peak oil several years ago and this probably will increase consumption and play that to its end.  Meanwhile the rest of the nations have stopped producing oil because even though it is very valuable, they can't sell it, and since we're in the capitalist epoch they won't do something just because it has intrinsic worth 

It isn't a crash you're thinking of that we are on the verge of, it is a change.  I wonder what will come after the capitalist goes extinct?

Quote (Santara @ Dec 11 2014 10:50am)

You mean the Saudis now have to compete with non-cartel groups? Awww, that's too bad. Opec needs to be broken.



You don't like fluctuating prices?



World oil production is still increasing, so we haven't seen peak oil yet, not that it won't happen. But the longer we can put it off while trying to diversify our energy, the better.

There will be no change that you hope for without the crash first. Massive economic turmoil must precipitate your envisioned utopia (not that I've seen you put forth a better system anyways).

Quote (Santara @ 11 Dec 2014 16:50)

You don't like fluctuating prices?

Quote (Skinned @ Dec 11 2014 09:55am)

Production is increasing but oil discoveries are decreasing drastically.  What are you talking about we haven't hit peak oil?  It is accepted scientific fact that we have.  The only area we aren't sucking dry is in the arctic and that doesn't have as much oil as people are acting like it does.  We have already hit peak oil.  Maybe you read something on RAND or Mises.org climate change section that debunked peak oil and gravity but we are finding it less and less, which is why we have to go after garbage oil sources like shale.

http://upload.wikimedia.org/wikipedia/commons/thumb/8/8f/Hubbert_peak_oil_plot.svg/600px-Hubbert_peak_oil_plot.svg.png

And what affect does Saudi claiming to have considerably more oil than they have?  They are claiming they have 100B more gallons of oil in reserves than they have...that surely means something relative to what they're doing here.

Quote (Saucisson6000 @ Dec 11 2014 10:05am)

no, and you ?

You like easy cheap oil, polluting and keeping away the alternatives energies progress ?
You like oil crisis going above 150$ or whatever too high, suddently crashing the whole economy ?

Quote (Santara @ Dec 11 2014 11:10am)

Oil going above $150 is not the free market's fault. It is OPEC's.

Quote (duffman316 @ Dec 11 2014 10:13am)

you believe cartels don't form naturally in a free market?

Quote (Santara @ Dec 11 2014 11:16am)

By definition, it isn't a free market if there's anti-competitive behavior.